CNA Financial Corporation (CNA) reported first-quarter 2025 core earnings of $1.03 per share, which missed the Zacks Consensus Estimate by 11.2%. The bottom line decreased 20.7% year over year.The insurer’s results reflected poor underwriting income, escalating expenses, as well as wider catastrophe losses, offset by improved premiums. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)Behind Q1 HeadlinesTotal operating revenues of CNA Financial were $3.2 billion, up 5.9% year over yea ...

American International Group, Inc. (AIG) reported first-quarter 2025 adjusted earnings per share of $1.17, which beat the Zacks Consensus Estimate by 11.4%. However, the bottom line declined from the year-ago quarter’s $1.25. (See the Zacks Earnings Calendar to stay ahead of market-making news.)Adjusted operating revenues amounted to $6.6 billion, which declined significantly year over year. Also, the top line missed the consensus mark by 2.6%.The better-than-expected first-quarter earnings were supported b ...

AXIS Capital Holdings Limited (AXS) posted first-quarter 2025 operating income of $3.17 per share, beating the Zacks Consensus Estimate by 20%. The bottom line increased 23.3% year over year.The insurer’s results reflected solid underwriting income, improved investment income, and higher premiums across the segments, offset by escalating expenses. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)Quarterly Operational Update of AXS    Total operating revenues of $1.6 billion missed th ...

Core Viewpoint - Arch Capital Group Ltd. (ACGL) reported a first-quarter 2025 operating income of $1.54 per share, exceeding the Zacks Consensus Estimate by 12.4%, although it represented a 37.1% decline year over year. The results were supported by higher premiums in the Insurance and Reinsurance segments and improved net investment income, but were negatively impacted by poor underwriting income and increased catastrophic losses [1]. Premiums and Income - Gross premiums written increased by 8.9% year over year to $6.4 billion, while net premiums written rose by 10.5% year over year to $4.5 billion, driven by higher premiums in both Insurance and Reinsurance segments [2]. - Net investment income grew by 15.6% year over year to $378 million, although it fell short of the estimate of $436.2 million, influenced by a reduction in investable assets due to a $1.9 billion special cash dividend paid in December 2024 and higher investment expenses [3]. Revenue and Losses - Operating revenues reached $4.5 billion, marking a 21.2% increase year over year, but missed the Zacks Consensus Estimate by 0.9%. Pre-tax current accident year catastrophic losses amounted to $547 million, significantly higher than the previous year's loss of $58 million. Underwriting income declined by 43.3% year over year to $417 million [4]. - The combined ratio, indicating the percentage of premiums paid out as claims and expenses, worsened by 1,130 basis points to 90.1, compared to the estimate of 94.5 [5]. Segment Performance - In the Insurance segment, gross premiums written rose by 24.4% year over year to $2.6 billion, with net premiums written climbing 25.4% to $1.9 billion, driven by new business opportunities and rate changes, despite competitive market pressures [6]. - The Reinsurance segment saw gross premiums written increase by 0.8% year over year to $3.5 billion, while net premiums written rose by 2.2% to $2.3 billion, primarily due to rate increases and growth in existing accounts, although offset by reductions in specialty lines [7][8]. - The Mortgage segment experienced a decline, with gross premiums written dropping by 4.4% year over year to $326 million and net premiums written decreasing by 4% to $266 million, attributed to lower mortgage originations [9]. Financial Position - As of March 31, 2025, the company had cash of $1.2 billion, a 21.2% increase from the end of 2024. Debt remained flat at $2.7 billion. Book value per share was $55.15, up 3.8% from the end of 2024, while annualized operating return on average common equity contracted by 920 basis points year over year to 11.5% [11].